About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
Filed under Government Mortgage Financing Programs News

The staff joint economic committee headed by senator Charles Schumer recently released this interesting report.

Among other things it predicts that there could be 2 million home foreclosures in the US between 2007 and 2009 if current conditions are not changed. It also predicts that nearly $100 billion in homeowner wealth could be lost in that period along with a nearly $1 billion drop in property tax revenues to states.

Comments (0) Posted by G.R.A. Admin on Thursday, October 25th, 2007


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